Hemisphere Energy Corporation (CVE:HME) reports that it has closed its private placement announced July 7, 2010. The private placement consisted of five million and ten thousand units at a price of 20 cents per unit, for proceeds of $1,002,000. For complete news release, click here. For Hemisphere Energy’s company website, click here.
Thestreet.com reported that Oil Pulls Back as Economic Concerns Grow:
Spartan Exploration Ltd. (TSE:SPE) announced that due to excess demand it has increased its previously announced bought deal financing detailed in its press release issued earlier this morning with a syndicate of underwriters co-led by Clarus Securities Inc. and GMP Securities L.P., and including Mackie Research Capital Corporation and Stonecap Securities Inc. pursuant to which the underwriters will now purchase, on a "bought deal" basis, 5,263,000 common shares of Spartan at an issue price of $2.85 per Common Share for gross proceeds to Spartan of approximately $15.0 million.
Ibtimes.com reported on Oil falls near $77 on energy demand doubts:
PetroWorth Resources Inc. (CNQ:PTW) announced its intention to make a normal course issuer bid to repurchase some of its common shares through the facilities of the CNSX stock exchange.
Caza Oil & Gas, Inc.(TSE:CAZ) provided an update on the O.B. Ranch #1 well on the Bongo prospect in Wharton County, Texas.
Niko Resources Ltd. (TSE:NKO) reported its financial and operating results, including consolidated financial statements and notes thereto, as well as its managements' discussion and analysis, for the quarter ended June 30, 2010, the first quarter of Niko's fiscal year.
Suncor Energy (NYSE:SU) has reached an agreement with Direct Energy to sell certain natural gas properties for approximately $375 million with an effective date of May 1, 2010.
Palliser Oil & Gas Corporation (CVE:PXL) reported the financial and operating results for the three and six months ended June 30, 2010.
Pace Oil & Gas Ltd. (TSE:PCE) announced its financial and operating results for the three and six months ended June 30, 2010 and its plans for the remainder of this year.
Thursday, August 26, 2010